Professional
Added to YB: 2024-05-15
Pitch date: 2024-05-08
WED.V [bullish]
The Westaim Corporation
+16.33%
current return
Author Info
ToffCap are full-time fund managers finding undervalued opportunities and a reason why the price should (start to) move in the right direction. Sign up for their newsletter.
Company Info
The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements.
Market Cap
CAD 431.8M
Pitch Price
CAD 23.64
Price Target
5.04 (-82%)
Dividend
N/A
EV/EBITDA
2.35
P/E
-26.39
EV/Sales
-1.22
Sector
Capital Markets
Category
special_situation
Westaim's Market Discount: A Unique Opportunity for Investors
WED.V: Trading at 0.8x cash value post Skyward sale (20% of MCap). Arena business is free. Mgmt aims to close NAV discount via capital return. 30%+ upside in months with limited downside risk given asset backing.
Read full article (1 min)